Price Decline Signals Downtrend Bullish Reversal Needs Stability

Technical Outlook:

The price has declined from 42,080. As long as it remains below this level, it is likely to continue its descent towards 41,950 and 41,770. If it falls further, it could reach 41,570.

For a bullish scenario, stabilization above 42,090 is necessary to target 42,190 and subsequently 42,300.

Key Levels:
Pivot Point: 42080
Resistance Levels: 42190, 42300, 42450
Support Levels: 41960, 41770, 41570

Trend Outlook:
Bearish while under 42080
Bullish above 42090